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By John Helmer, Moscow White Tiger Gold (WTG) was supposed to be the curtain-raiser on the Canadian stock market for Mikhail Prokhorov and Maxim Finsky, his childhood playmate, to sell shares in their collection of little known gold and other mineral prospects and mining licences in Russia. That collection is called Intergeo, and it cost […]

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By John Helmer, Moscow The Fitch ratings agency today issued a warning that growing debt at Magnitogorsk Metallurgical Combine (MMK), owned by Victor Rashnikov, is at a “higher level than previously expected”. With prices for MMK’s products falling, the company’s free cashflow is under pressure, the Fitch report claims, as it downgraded its outlook forecast […]